other_material
confidence high
sentiment neutral
materiality 0.70
Twin Vee PowerCats prices $2.5M common stock offering at $0.384/share
Twin Vee PowerCats, Co.
- Gross proceeds ~$2.5M from 6.49M shares at $0.384/share, offering closed March 24.
- ThinkEquity sole placement agent; 7% cash fee, 1% expense allowance, $115K reimbursement.
- Placement agent warrants for 324,595 shares (5% of offering), exercisable for 5 years.
- Proceeds for working capital; officers/directors subject to 6-month lock-up, company 3-month lock-up.
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